According to a source familiar with the deal, the Lakers have acquired Jeremy, along with the Rockets' first-round draft pick next year. The Rockets will get cash and rights to an undisclosed overseas player.

With LeBron James headed back to the Cleveland Cavaliers, the Houston Rockets are looking to land Chris Bosh. In order to do that, they'll have to trade Jeremy Lin to free up salary cap space. Houston was reportedly working out a potential trade deal with the Philadelphia 76ers, but now we're hearing news that the Rockets are trying to trade Jeremy to the Los Angeles Lakers.